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ARDC

Are Dynamic Credit Allocation Fund

63 hedge funds and large institutions have $116M invested in Are Dynamic Credit Allocation Fund in 2018 Q4 according to their latest regulatory filings, with 19 funds opening new positions, 23 increasing their positions, 12 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

111% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 9

92% more repeat investments, than reductions

Existing positions increased: 23 | Existing positions reduced: 12

19% more funds holding

Funds holding: 5363 (+10)

1.73% more ownership

Funds ownership: 34.79%36.53% (+1.7%)

7% less capital invested

Capital invested by funds: $125M → $116M (-$9.23M)

Holders
63
Holders Change
+10
Holders Change %
+18.87%
% of All Funds
1.4%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
19
Increased
23
Reduced
12
Closed
9
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
PPA
1
Parametric Portfolio Associates
Washington
$13M +$808K +54,448 +6%
AAM
2
Advisors Asset Management
Colorado
$13M -$1.69M -113,588 -11%
UBS Group
3
UBS Group
Switzerland
$12.8M +$520K +35,058 +4%
RCM
4
Rivernorth Capital Management
Florida
$9.05M +$3.22M +217,219 +49%
Invesco
5
Invesco
Georgia
$8.29M -$2.29M -154,048 -20%
Bank of America
6
Bank of America
North Carolina
$6.21M +$57.7K +3,886 +0.9%
Wells Fargo
7
Wells Fargo
California
$5.24M -$949K -63,902 -14%
GC
8
Guggenheim Capital
Illinois
$5.17M +$65.5K +4,414 +1%
First Trust Advisors
9
First Trust Advisors
Illinois
$3.83M -$344K -23,197 -8%
Morgan Stanley
10
Morgan Stanley
New York
$3.63M -$178K -11,969 -4%
SFS
11
Shaker Financial Services
Virginia
$3.6M +$1.62M +108,925 +72%
CRC
12
Curi RMB Capital
Illinois
$3.43M +$2.55M +171,710 +224%
COLIM
13
City of London Investment Management
United Kingdom
$2.76M +$233K +15,697 +9%
SCM
14
Saba Capital Management
New York
$2.03M +$2.18M +146,986 New
Stifel Financial
15
Stifel Financial
Missouri
$1.87M -$1.53M -103,007 -43%
CIA
16
Capital Investment Advisors
Georgia
$1.83M -$31.9K -2,152 -2%
WAM
17
Wolverine Asset Management
Illinois
$1.64M +$1.14M +76,882 +185%
BlackRock
18
BlackRock
New York
$1.53M +$605K +40,724 +58%
Cohen & Steers
19
Cohen & Steers
New York
$1.45M
RCM
20
Robinson Capital Management
Michigan
$1.37M -$1.03M -69,450 -41%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$1.27M +$12.1K +817 +0.9%
Carson Wealth (CWM LLC)
22
Carson Wealth (CWM LLC)
Nebraska
$1.24M +$1.19M +80,317 +868%
TJHA
23
Thomas J. Herzfeld Advisors
Florida
$1.13M +$248K +16,716 +26%
AG
24
Advisor Group
Arizona
$1.05M +$107K +7,204 +10%
LTFS
25
Ladenburg Thalmann Financial Services
Florida
$938K +$91.7K +6,176 +10%

ARDC Hedge Fund Activity: Q4 2018 in Review

63 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Are Dynamic Credit Allocation Fund (ARDC) for Q4 2018, worth a combined $116M — down 7.4% from $125M a quarter earlier.

Buyers outnumbered sellers: 19 funds opened new ARDC positions and 9 closed out — a net gain of 10 holders — while 23 added to existing stakes and 12 trimmed.

The largest buyer was Rivernorth Capital Management, adding an estimated $3.22M. The largest seller was Bessemer Group, exiting entirely with an estimated $2.9M sold.

  • 63 institutional investors held Are Dynamic Credit Allocation Fund (ARDC) as of Q4 2018, up from 53 in Q3 2018.
  • Funds reported $116M of Are Dynamic Credit Allocation Fund stock for Q4 2018, down 7.4% quarter-over-quarter.
  • 19 funds opened new Are Dynamic Credit Allocation Fund positions in Q4 2018 and 9 closed out, a net change of +10 holders.
  • The largest Are Dynamic Credit Allocation Fund buyer in Q4 2018 was Rivernorth Capital Management, an estimated $3.22M added.
  • The largest Are Dynamic Credit Allocation Fund seller in Q4 2018 was Bessemer Group, an estimated $2.9M sold.

Based on aggregated 13F filings for Q4 2018.